Olstein Capital Management L.P. Has $3.54 Million Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Olstein Capital Management L.P. raised its position in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 16.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 285,000 shares of the company’s stock after purchasing an additional 40,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in The Shyft Group were worth $3,540,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHYF. Charles Schwab Investment Management Inc. boosted its holdings in shares of The Shyft Group by 12.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 444,953 shares of the company’s stock worth $6,661,000 after buying an additional 49,649 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in shares of The Shyft Group by 36.2% in the 3rd quarter. Quadrature Capital Ltd now owns 31,789 shares of the company’s stock worth $476,000 after purchasing an additional 8,443 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of The Shyft Group by 1,532.0% in the 3rd quarter. AQR Capital Management LLC now owns 329,043 shares of the company’s stock worth $4,926,000 after purchasing an additional 308,881 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of The Shyft Group by 516.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 92,571 shares of the company’s stock worth $1,386,000 after purchasing an additional 77,559 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of The Shyft Group by 243.1% in the 3rd quarter. GSA Capital Partners LLP now owns 46,622 shares of the company’s stock worth $698,000 after purchasing an additional 33,034 shares in the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.

The Shyft Group Stock Up 2.7 %

Shares of SHYF traded up $0.30 during trading hours on Wednesday, reaching $11.44. The stock had a trading volume of 226,245 shares, compared to its average volume of 291,360. The company has a current ratio of 1.77, a quick ratio of 1.12 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $12.19 and a 200 day simple moving average of $11.67. The Shyft Group, Inc. has a 12 month low of $9.81 and a 12 month high of $22.72. The company has a market capitalization of $393.19 million, a price-to-earnings ratio of -1,158.00 and a beta of 1.66.

The Shyft Group (NASDAQ:SHYF) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.15. The Shyft Group had a return on equity of 2.76% and a net margin of 0.01%. The company had revenue of $197.89 million during the quarter, compared to analyst estimates of $183.90 million. Equities research analysts predict that The Shyft Group, Inc. will post 0.26 earnings per share for the current fiscal year.

The Shyft Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, May 16th. The Shyft Group’s dividend payout ratio (DPR) is currently -2,000.00%.

The Shyft Group Profile

The Shyft Group, Inc engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries.